Published January 26, 2017
DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.
GOP'S ANTI-OBAMACARE PUSH GAINS NEW TRACTION IN WAKE OF GRUBER VIDEOS
SABRINA SCHAEFFER: One of the big challenges with building a coalition against Obamacare is that it's hard to move opinion. Everybody has heard these arguments about rising costs, lower care, and harder to keep your doctor. They've heard them so many times that it doesn't work anymore. Well when you inject a new message into the conversation. When you talk about how, especially one this stupid, about how American people are fools, this is ought to have a big change in voter preferences.
RICK UNGAR: The message that Gruber is saying is indeed deception. I'm not going to sit here and tell you that I agree with his message, but I'm not going to argue and defend him in any way shape or form. And let's be honest, I can take apart everything he said and show where I don't think it's true-it doesn't matter. For those who are against this law and we know that there are many, this will only serve to reinforce their belief.
ELIZABETH MACDONALD: He should be indicted for criminal brainlessness, this guy. There are more videos of him saying nitwitted nonsense than there are airplane movies right now. So the issue is that the American people and congress were misled into supporting this law, saying it would basically lower your insurance premiums, you can keep your doctor, it will create jobs. None of that happened. There should be hearings into this.
MIKE OZANIAN: I do disagree with Sabrina. I don't think that this is a game changer in public opinion. What Obamacare is about is the redistribution of wealth. And those American voters who believe in the redistribution of wealth are still going to support Obamacare.
RICH KARLGAARD: I loved his use of the word "whatever," because "whatever" really sums up this whole administration. Screw the middle class...whatever, screw the working class...whatever, damage the healthcare system, and damage the internet...whatever. It perfectly sums it up.
WHITE HOUSE PUSH FOR FCC TO REGULATE THE INTERNET FUELING NEW CONTROVERY
RICH KARLGAARD: The economic considerations are this: AT&T's CEO Randall Stephenson, is ready to spend tens of billions of dollars rolling out next generation fiber in a hundred cities in the United States. And now he's hesitating, because he wonders whether he'll be able to get his money back, by charging premium services to companies like Netflix. And because this law, if it passes, is that AT&T won't be able to do that, so he won't invest.
BILL BALDWIN: Well the grand theory seems to be that Obama bet on world domination is going to cease every inch of the internet, and censor it. I'm not that afraid of that particular outcome. I think what we're going to see here is something much more moderated, which is price regulation in those rare instances where the cable provider has a monopoly. That's not so bad.
MIKE OZANIAN: This is a bad law and look all we have to do is go back to 1996 to see why. That's when the FCC came in with its law and it basically distinguished between traditional telephones companies, which were regulated, and had a cell ban, below market price, and then the new information services companies. Capital and money poured into the unregulated service companies, broadband grew. What we have today is largely due to that. Without that investment we wouldn't have the internet that we have today.
RICK UNGAR: Conservatives of course, are against government involvement, I get it I totally do. But there's something that President Reagan showed us that conservatives are against even more and that is natural monopolies. That's why Reagan broke up the telephone companies. And we should all be wondering if we would have the great innovation that we have if he hadn't.
SABRINA SCHAEFFER: The technology and the internet that we've all grown to rely on and have been especially helpful to working moms like myself, is a result of the absence of government regulation like Mike said. It's not because of it.
NEW QUESTIONS OVER WHAT AG NOMINEE LORETTA LYNCH WILL MEAN FOR BUSINESSES
CARRIE SHEFFIELD: Look we all want to end racism but this does not require any evidence of racist lending policy. It's ridiculous. And we have no evidence that Loretta Lynch will push back against this absurd policy.
BILL BALDWIN: They would count the results and then make you guilty if they didn't like the results. Everybody would be guilty; every business that sells expensive cars would be guilty if one racial group has a different average income than another racial group.
RICH KARLGAARD: Specifically this is about house loans and that certain groups are finding it harder to get loans. Therefore the banks must be discriminating and number one this is very discouraging to banks and can ruin honest banking careers, but number two if implemented it's a great way to create a housing bubble.
ELIZABETH MACDONALD: You can torture the data as long as you want and all you want to make it to confess to whatever you want. That's what is at issue here. But I do think that Loretta Lynch has a history of independent thought so I'll be curious to see if she follows court cases here.
RICK UNGAR: I think Liz has her finger on it. She's the least political appointee we've had in a while and is more likely to follow the court cases. But I got to tell you something. I don't think that Loretta Lynch will be our next Attorney General.